MERLEN RENOVATION GROUP
ActiveSummary
MERLEN RENOVATION GROUP has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13k and a net result of €-959. Equity is growing by ~32.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability20▼-17
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
cash: 0.2% of total assets, and 0% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
100%
Return on assets
-7.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
29 d late
2022
31 d late
2021
31 d late
2020
27 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€13k▼ 6.7%
2024 · €14k
2018: €-4k
2019: €-5k
2020: €-3k
2021: €-5k
2022: €15k
2023: €14k
2024: €14k
2018 → 2025
Total assets
€13k▼ 19.9%
2024 · €17k
2018: €10k
2019: €3k
2020: €2k
2021: €69
2022: €17k
2023: €17k
2024: €17k
2018 → 2025
Net result
€-959▼ 3,506%
2024 · €-27
2018: €-4k
2019: €-1k
2020: €2k
2021: €-2k
2022: €20k
2023: €-431
2024: €-27
2018 → 2025
Working capital
€15k▼ 0.2%
2023 · €15k
2018: €-4k
2019: €-5k
2020: €-3k
2021: €-4k
2022: €15k
2023: €15k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-5k-€15k€14k▼ 2.9%€14k▼ 0.2%€13k▼ 6.7%
Operating result€-3k-€20k€-384€-933
Net result€-2k-€20k€-431€-27▲ 93.8%€-959▼ 3,506%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €-933 in 2025, compared with €-384 in 2023. Comparable figures for the intervening years are unavailable.
Key figures and ratios
Solvency
100.0%▲
2024 · 85.8%
ROE
-7.2%▼
2024 · -0.2%
ROA
-7.2%▼
2024 · -0.2%
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 31 lines
Balance sheet
Code20242025
Assets
Total assets20/58€17k€13k▼
Current assets29/58€17k€13k▼
Amounts receivable within one year40/41€17k€13k▼
Other amounts receivable41€17k€13k▼
Cash at bank and in hand54/58-€33
Equity and liabilities
Total equity and liabilities10/49€17k€13k▼
Equity10/15€14k€13k▼
Contributions10/11€19k€19k=
Reserves13€20€20=
Non-distributable reserves130/1€20€20=
Reserves not available under the articles1311€20€20=
Profit (loss) carried forward14€-4k€-5k▼
Amounts payable17/49€2k-
Amounts payable within one year42/48€2k-
Financial debts43€18-
Credit institutions430/8€18-
Trade debts44€2k-
Suppliers440/4€2k-
Accrued charges and deferred income492/3€732-
Income statement
Code20242025
Other operating charges640/8-€910
Gross operating margin9900-€-23
Operating profit (loss)9901-€-933
Financial income75/76B€20-
Recurring financial income75€20-
Financial charges65/66B€47€26▼
Recurring financial charges65€47€26▼
Profit (loss) for the period before taxes9903€-27€-959▼
Profit (loss) for the period9904€-27€-959▼
Profit (loss) for the period to be appropriated9905€-27€-959▼
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€-5k▼
Profit (loss) brought forward from the previous period14P€-4k€-4k▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
31-12
Financial
Liquidity times 660current ratio 10.25
Current ratio from 0.02 to 10.25; short-term debt falls from €4k to €2k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
26-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 148 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Waasmunster · 1 establishment unit since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Neerstraat 1599250 WaasmunsterGround area
742 m²
Building footprint
436 m²
Volume, LiDAR
1,738 m³
Parcel 42342C2282/00F000, Flanders · tallest building 9.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Neerstraat 159, 9250 Waasmunster
since 20092.175.805.911
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42342C2282/00F000 | Flanders | 742 m² | 1 · 436 m² | 9.7 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
LES ARTISANS DE LA RENOVATION
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BE 1005.520.014
Wezembeek-Oppem · Eq €13,384
Vercaigne Benny
BE 0869.517.205
Retie · Eq €13,480
MIGARTE
BE 0707.623.116
Sint-Pieters-Leeuw · Eq €13,499
JACQUES FRANCOIS
BE 0806.920.729
Paliseul · Eq €13,237
Of 4,271 companies in sector 43230 we hold annual accounts for 1,241. 779 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded15-01-2009
Fiscal year end31-12
Activities, NACEBEL 2025
43230Insulation installation
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.